VMS Asset Management Limited Buys 29,890 Shares of Citigroup Inc. $C

VMS Asset Management Limited acquired a new position in Citigroup Inc. (NYSE:C) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,890 shares of the company’s stock, valued at approximately $3,870,000. Citigroup comprises about 1.5% of VMS Asset Management Limited’s portfolio, making the stock its 28th biggest position.

Several other large investors also recently added to or reduced their stakes in the company. Paladin Partners LLC purchased a new position in shares of Citigroup in the second quarter worth about $27,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Citigroup in the second quarter valued at approximately $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup during the 1st quarter valued at approximately $25,000. TD Capital Management LLC purchased a new stake in shares of Citigroup during the 4th quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q3 earnings beat expectations. Citigroup reported $2.85 in earnings per share versus the $2.66 consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by 15% growth in both Services and Wealth revenue. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
• Positive Sentiment: Management raised its profitability outlook and increased shareholder returns. Citi cited strong Services growth, AI-related efficiencies and disciplined capital deployment, while also raising its dividend and expanding buybacks. The bank returned about $4.1 billion to shareholders during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains
• Positive Sentiment: Banamex separation and a potential IPO could unlock value. Citigroup is reportedly preparing to fully spin off its former Mexican consumer-banking business, with an initial public offering targeted for early 2027. Completing the separation could simplify Citi’s portfolio and provide proceeds or a valuation reference for the asset. Banamex Leadership Pitches Turnaround Ahead of Targeted Citi IPO
• Neutral Sentiment: Citi expects a 25-basis-point Federal Reserve rate increase in December. Higher rates could support net interest income, but Citi also expects rates to remain elevated until at least mid-2027, increasing pressure on borrowers and the broader economy. Global Market: Citi Expects Fed to Raise Rates
• Negative Sentiment: Investors questioned the durability of the beat. Trading and investment-banking activity softened sequentially, management warned that fourth-quarter trading revenue could decline, credit-loss provisions increased and analysts cut price targets. Elevated put-option activity and concerns about weaker capital ratios added to the cautious tone. Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Citigroup Price Performance

Citigroup stock opened at $122.53 on Thursday. The stock has a market cap of $208.99 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.55 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The business has a 50-day simple moving average of $133.16 and a 200 day simple moving average of $131.71. Citigroup Inc. has a 52 week low of $95.00 and a 52 week high of $147.96.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.86 EPS. On average, research analysts forecast that Citigroup Inc. will post 11.19 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.2%. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup’s dividend payout ratio (DPR) is presently 28.94%.

Analyst Ratings Changes

Several research firms have issued reports on C. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Bank of America raised their price target on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Evercore set a $135.00 price target on Citigroup in a research report on Wednesday. Truist Financial decreased their price objective on Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $150.79.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.